Radio in 2009

[Alan and Deborah Tolz]

If only it were possible.  Problem is, the price would be their market cap (that's the $15 mm) PLUS their debt...quite a bit more than the $15 mm that the shares are valued at today.

-----Original Message-----

From:  "Paul B. Walker, Jr." <walkerbroadcasting@gmail.com>
Subj:  Re: Radio in 2009
Date:  Fri Dec 12, 2008 3:02 pm
Size:  1K
To:  "Garrett Wollman" <wollman@bimajority.org>
cc:  Boston Radio Interest <boston-radio-interest@rolinin.bostonradio.org>; "Bill O'Neill" <billohno@gmail.com>       

I've got a few bucks, I'll help chip in to buy Emmis if everyone else will
too.. lol!

Paul Walker


On 12/12/08, Garrett Wollman <wollman@bimajority.org> wrote:
>
> <<On Fri, 12 Dec 2008 14:26:48 -0500, "Bill O'Neill" <billohno@gmail.com>
> said:
>
> > With all of the doom and gloom about the economy, or, as the Illinois
> > governor would say, "With all of the bleeping &$^#  and @@#% over the
> > bleeping econo-bleeping-my," what will Boston radio look/sound like in
> > 12 months?  Fire sale prices?  Minimum wage board ops feeding birds?
>
>
> Well, nationally, I'm looking for a number of group owners to enter
> bankruptcy.  This will create opportunities for the better-managed
> firms with access to private capital to acquire stations from
> companies like Salem at attractive prices.  CBS will still be in the
> radio business, and will still be trying to flog off its
> smaller-market properties.  GE will still not be in the radio
> business, but they might finally get a deal done with Ansin to buy
> channel 7.  I wouldn't be surprised to see Bonneville acquire more
> stations, perhaps getting back into New York if something comes on the
> market at a decent price.  (You could have all of Emmis for slightly
> less than $15 million today.  Act now!)
>
> -GAWollman
>
>

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